Vantiv Inc. (VNTV) Stake Raised by IBM Retirement Fund
IBM Retirement Fund boosted its stake in shares of Vantiv Inc. (NYSE:VNTV) by 8.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,655 shares of the company’s stock after buying an additional 1,254 shares during the period. IBM Retirement Fund’s holdings in Vantiv were worth $886,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Vantiv by 63.0% in the first quarter. JPMorgan Chase & Co. now owns 9,975,466 shares of the company’s stock valued at $537,479,000 after buying an additional 3,857,008 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Vantiv by 3.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,079,804 shares of the company’s stock valued at $219,820,000 after buying an additional 123,955 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Vantiv by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,647,988 shares of the company’s stock valued at $88,794,000 after buying an additional 6,490 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Vantiv by 95.9% in the first quarter. Lazard Asset Management LLC now owns 1,144,430 shares of the company’s stock valued at $61,661,000 after buying an additional 560,355 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Vantiv during the fourth quarter valued at approximately $53,742,000. 80.81% of the stock is currently owned by institutional investors.
Vantiv Inc. (NYSE:VNTV) traded down 1.64% during mid-day trading on Friday, reaching $53.33. 2,990,385 shares of the company were exchanged. The company has a market cap of $8.30 billion, a P/E ratio of 44.26 and a beta of 0.60. Vantiv Inc. has a 12 month low of $42.01 and a 12 month high of $59.62. The stock’s 50-day moving average is $54.31 and its 200-day moving average is $54.37.
Vantiv (NYSE:VNTV) last released its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $891 million for the quarter, compared to analyst estimates of $465.66 million. Vantiv had a return on equity of 36.56% and a net margin of 5.67%. Vantiv’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. Equities analysts expect that Vantiv Inc. will post $2.66 earnings per share for the current year.
VNTV has been the topic of several research analyst reports. Piper Jaffray Cos. restated a “hold” rating on shares of Vantiv in a research report on Thursday, June 23rd. Zacks Investment Research lowered shares of Vantiv from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Barclays PLC restated a “buy” rating on shares of Vantiv in a research report on Saturday, July 9th. Pacific Crest restated an “overweight” rating and set a $62.00 target price on shares of Vantiv in a research report on Monday, July 11th. Finally, Knight Equity restated a “buy” rating on shares of Vantiv in a research report on Sunday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Vantiv presently has a consensus rating of “Buy” and an average target price of $56.54.
In other Vantiv news, SVP Christopher A. Thompson sold 2,188 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $53.89, for a total transaction of $117,911.32. Following the completion of the sale, the senior vice president now directly owns 12,488 shares in the company, valued at approximately $672,978.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matt Taylor sold 162,576 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $59.05, for a total value of $9,600,112.80. Following the sale, the insider now owns 70,435 shares of the company’s stock, valued at $4,159,186.75. The disclosure for this sale can be found here. Corporate insiders own 1.32% of the company’s stock.
Vantiv Company Profile
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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